Square is now offering larger loan offers up to $350k

[Sammie_C]

As your business evolves, so do your funding needs. We are excited to announce that Square Loan offers have now increased to up to $350k! Keep in mind, Square loan offers can range from $100 - $350,000 and are still determined by your unique business data and Square card sales. We review accounts on a daily basis to determine if you’re eligible to receive another loan. 

If you’re eligible for a new loan, you’ll be notified directly on your Square Dashboard and via email.

If you’re not immediately eligible, we’ll continue to monitor your account as your eligibility may change at a later date. To learn more about Square Loan eligibility, visit our Support Center.

[Kacey13 · Accepted solution]

Hi @Donnie-M! 

Thanks for reaching out!

We are continually re-evaluating accounts on a daily basis to determine if seller's are eligible to receive a loan.

We can’t guarantee that a new offer would be generated after an additional payment is made or if the loan gets paid off, but if a seller does become eligible, they will be notified directly in their Square Dashboard and by email.

Hope that helps, please feel free to reach out to us directly if you have any other questions!

[marielmt · Accepted solution]

Hi @nedelka22!

Thanks for taking the time to reach out to us.

We can’t guarantee a loan offer even if the key factors displayed on the eligibility page show all “Good.” I understand this isn’t the best experience, so I’ve shared this feedback with the product team.

There are many factors that affect loan eligibility, but the factors listed on the eligibility page are key factors we consider to help you understand our process. There’s no additional information we can share at this time, and we can’t go into further specifics about program requirements because the criteria we use is proprietary.

We will continue to review your account daily for loan eligibility. If you become eligible, you’ll be notified directly on your Square Dashboard and through email.

Hope that helps, please feel free to reach out to us directly if you have any other questions!